Xinte Energy won the bid for photovoltaic inverter

How much will Xinte energy subsidy feed residential PV?

With the current subsidy level of RMB0.03 per watt, this total amount will feed around 16 GW of residential PV, according to government estimations. Chinese electronic engineer TBEA is set to raise its controlling stake in polysilicon manufacturer Xinte Energy as it attempts to fund a planned 100,000-tons-per-year fab in Inner Mongolia.

Who owns Xinte energy?

TBEA -owned polysilicon maker and renewables developer Xinte Energy has raised RMB2.3 billion ($355.9 million) for its plan to expand its polysilicon capacity by 100,000 MT. The company has signed an agreement with TBEA, which agreed to purchase 167 million new shares at a price of RMB13.73 per share.

Will TBEA raise its stake in Xinte energy?

Chinese electronic engineer TBEA is set to raise its controlling stake in polysilicon manufacturer Xinte Energy as it attempts to fund a planned 100,000-tons-per-year fab in Inner Mongolia. China's National Development and Reform Commission (NDRC) has allocated RMB500 million (US$78.1 million) for the incentive scheme for residential PV in 2021.

How much is NDRC funding Xinte energy in 2021?

China’s National Development and Reform Commission (NDRC) has allocated RMB500 million (US$78.1 million) for the incentive scheme for residential PV in 2021. Chinese electronic engineer TBEA is set to raise its controlling stake in polysilicon manufacturer Xinte Energy as it attempts to fund a planned 100,000-tons-per-year fab in Inner Mongolia.

Will Xinte invest in a polysilicon expansion project in Inner Mongolia?

The company has signed an agreement with TBEA, which agreed to purchase 167 million new shares at a price of RMB13.73 per share. Xinte said around 87.22% of the funds will be invested into its ongoing poly-silicon expansion project in Inner Mongolia with a planned polysilicon output of 100,000 metric tons per year.

Who is Xinte's parent company?

Xinte's parent company - TBEA - has agreed to buy new shares issued by the company for RMB2.3 billion and these funds will be used to implement its 100,000 MT expansion plan. Furthermore, EVA solar film manufacturer Bbetter Century and 8 GW factory in the Shaanxi Province.